UPDATE 1-UK house prices rise at slowest pace in six years as Brexit nears

British houseprices rose at their
slowest pace in six years in the three months to November,
mortgage lender Halifax said on Friday, the latest sign of
weakness in the housing market as Brexit approaches.

Halifax's houseprice index was rising by nearly 10 percent
a year at the time of the 2016 Brexit vote.

In November alone, houseprices fell by a monthly 1.4
percent, the third decline in the last four months and the
biggest fall since April.

Halifax Managing Director Russell Galley said the slowdown
in annual price growth remained within the lender's forecast
range for 2018 of zero to an increase of 3 percent.

Property analysts say the main factor preventing prices from
actually falling is a shortage of homes on the market although
prices in London have fallen, according to some measures.

Howard Archer, an economist with EY Item Club, said prices
would probably slip modesty on a nationwide basis if Britain
leaves the European Union in March without a Brexit deal.

Earlier on Friday, home-builder Berkeley Group
announced a 26 percent fall in profit and it warned about
uncertainty in the short term as people put off house purchases
ahead of Britain's exit from the EU.
(Writing by William Schomberg; Editing by Toby Chopra)

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